Original scientific paper
https://doi.org/10.38190/ope.15.2.5
The relationship between debt, activity, and the profitability of company in the cold supply chain: an analysis of ROA and ROE
Ana Magdić
Ivana Martinčević
orcid.org/0000-0002-9154-4331
Abstract
apid development, constant changes in the market,
changes in consumer habits and needs, numerous innovations,
growth in storage and distribution costs, especially in the food industry,
present challenges in supply chains and force companies to look
for numerous innovative solutions for their business to survive. This
paper aims to investigate the relationship between financial structure,
asset turnover, and company profitability, with an emphasis on return
on assets (ROA) and equity (ROE). In order to analyze the set goal,
debt ratios and activity ratios were analyzed to assess their impact
on the profitability of company in the cold supply chain sector. The
results show that lower debt has a positive effect on ROA, while moderate
debt can increase ROE through the leverage effect. Furthermore,
higher asset turnover and effective accounts receivable and inventory
management improve both ROA and ROE, highlighting the importance
of operational efficiency in a capital-intensive industry. These findings
confirm that both financial structure and asset utilization are key factors
in company profitability.
Keywords
ROA; ROE; debt; activity; profitability; logistics; cold supply chain
Hrčak ID:
341695
URI
Publication date:
18.12.2025.
Visits: 302 *